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2nd floor 507 Broad St 2,500 SF of Office/Retail Space Available in Shrewsbury, NJ 07702
HIGHLIGHTS
- Prime Location: High-visibility on Broad Street (Hwy 35) next to The Grove Shopping Center, ideal for capturing foot and vehicle traffic.
- Ample Parking: Large on-site parking lot plus on-street parking for convenience.
- Flexible Uses: Zoned B-1, perfect for offices, medical practices, med spas, or general business.
- Competitive Lease Terms: NNN offering excellent value in a high-demand area.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 2nd Floor | 2,500 SF | 9’ - 11’ | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $55,000 /YR $4,583 /MO | Triple Net (NNN) |
2nd Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Professional Services Office
- Office intensive layout
- Fits 7 - 20 People
- 1 Conference Room
- Finished Ceilings: 9’ - 11’
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Corner Space
- High Ceilings
- Natural Light
- After Hours HVAC Available
- Smoke Detector
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,500 SF | Gross Leasable Area | 7,500 SF |
| Property Type | Retail | Year Built/Renovated | 1972/1986 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3.73/1,000 SF |
| Total Space Available | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 7,500 SF |
| Year Built/Renovated | 1972/1986 |
| Parking Ratio | 3.73/1,000 SF |
ABOUT THE PROPERTY
Prime 2nd Floor Commercial Space for Lease at 507 Broad Street, Shrewsbury, Seize the opportunity to elevate your business with this exceptional 2,500± square foot 2nd floor commercial space Perfectly positioned on the bustling Broad Street (Highway 35), adjacent to the renowned Grove Shopping Center, this property offers unparalleled visibility and accessibility in a high-traffic corridor. Located just minutes from vibrant Red Bank, with the Red Bank NJ Transit station (1.5 miles) and Newark Liberty International Airport (41.4 miles) easily accessible,(5.5 Mile) From Fort Monmouth the future Home Of Netflix Billion$$ Mega Studio. this prime location ensures convenience for clients and employees. The surrounding area boasts a 2024 population of 11,738 within a 1-mile radius and a median household income household income of $109,959, providing a strong and affluent customer base. ,Situated in the B-1 Zone, this 2nd-floor space (no elevator access) is designed for versatility, accommodating a wide range of permitted uses, including professional offices, medical practices, med spas, or general business operations. featuring large windows for abundant natural light, two brand-new bathrooms, and a kitchen, creating a professional and inviting environment. With a parking ratio of 3.73/1,000 SF ( 8 Spots) the property offers ample on-site and on-street parking for ease of access. Take advantage of this chance to establish your business in a modern, high-visibility 2nd-floor space in the heart of Shrewsbury. Discover the potential of this outstanding commercial space.
- Corner Lot
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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2nd floor | 507 Broad St
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